Reinsurers do not control what insurance companies do, Mr Fola Daniel, CEO of FBS Reinsurance, has said.
State-run listed reinsurer GIC Re has announced that its net profit after tax for the fiscal year ended 31 March 2024 (FY24) reached INR64,973m ($779.2m), 2.9% higher than in FY23.
Tokio Marine & Nichido Life Insurance (Anshin Life) has sealed deals with Reinsurance Group of America (RGA) and Pacific Life Re.
The Singapore Reinsurers' Association (SRA) has announced the opening of registration for the 2024 Singapore International Reinsurance Conference (SIRC), to be held from 4 to 7 November at the Sands Expo and Convention Centre.
Gallagher Re has appointed Mr George Sherriff as CEO and Mr Tsuyoshi Noguchi as chairman.
German reinsurer, Deutsche Rück Group, has announced that it chalked up strong growth in all its markets in 2023, including the Middle East.
Deutsche Rück Group has further expanded its business in 2023 including Asia while simultaneously strengthening its asset base, reported the German reinsurer.
FBC Reinsurance (FBC Re) has returned to profitability in the year to 31 December 2023, chalking up pre-tax profits of $7.3bn, compared to a loss of $2.6bn for the previous year.
Global reinsurer MS Reinsurance, part of the world-leading insurance group MS&AD, has produced a net profit of $366m for 2023, a significant turnaround from a net loss of $50m for 2022.